China’s top property developer saw sales tumble over 50% on year in April, new home sales in major cities dived in Labor Day holiday

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Key points:

  • China's top 100 property developers saw sales fell by 16.2% on month and slumped 58.6% on year
  • In the Labour Day holiday, new home sales in key cities tumbled 52.3% on year
  • More cities are expected to relax property policies, with measures including lowering down payment ratio, lowering mortgage rates, relaxing restrictions on home purchases, resales and prices, etc.
  • The housing markets . . .

     

     

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